Capital Drilling (LON:CAPD) Share Price Passes Above Two Hundred Day Moving Average of $0.00

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Capital Drilling Ltd (LON:CAPD) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $49.30. Capital Drilling shares last traded at $49.40, with a volume of 20,263 shares traded.

Separately, Peel Hunt started coverage on shares of Capital Drilling in a report on Thursday, April 25th. They set a “buy” rating and a GBX 76 ($0.99) price objective for the company.

The company has a market cap of $67.31 million and a price-to-earnings ratio of 8.67. The stock’s 50-day moving average is GBX 49.09. The company has a debt-to-equity ratio of 11.92, a current ratio of 3.04 and a quick ratio of 1.91.

About Capital Drilling (LON:CAPD)

Capital Drilling Limited, together with its subsidiaries, provides exploration and production drilling solutions to customers in the minerals industry. Its exploration drilling services include air core, deep hole diamond, diamond core, directional, reverse circulation, and underground diamond drilling; and grade control drilling services comprise advanced/deep grade control, shallow grade control, reverse circulation, and underground diamond drilling.

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